Finavera pursues development with €6.4million energy funding

Energy firm Finavera Renewables has secured a development loan worth Can$10 million (€6.4 million) from a European private family fund and current shareholder.c Finavera founder and chief executive Jason Bak said the funding would be made available t

6th June, 2009

Energy firm Finavera Renewables has secured a development loan worth Can$10 million (€6.4 million) from a European private family fund and current shareholder.c Finavera founder and chief executive Jason Bak said the funding would be made available to the company following the award of an Energy Purchase Agreement under the BC Hydro Clean Power Call (BC CPC).

‘‘This funding commitment provides financial certainty to Finavera Renewables and will allow us to move forward quickly...

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